RNS Number:6203Q
BFS Managed Properties Ltd
28 January 2002



                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     BFS MANAGED PROPERTIES LIMITED

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     ABERDEEN PREFERRED INCOME TRUST PLC

3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

     NOTIFICATION IN RESPECT OF SHAREHOLDER

4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

     STATE STREET NOMINEES LIMITED A/C XCC8

5)   Number of shares/amount of stock acquired.

     565,000

6)   ( 0.64 %) of issued Class

7)   Number of shares/amount of stock disposed



8)   ( N/A %) of issued Class

9)   Class of security

     ORDINARY SHARES OF 25 PENCE EACH FULLY PAID

10)  Date of transaction

     24 JANUARY 2002

11)  Date company informed

     25 JANUARY 2002

12)  Total holding following this notification

     3,565,000
               
13)  Total percentage holding of issued class following this notification

     4.05%

14)  Any additional information

     NONE

15)  Name of contact and telephone number for queries

     COMPANY SECRETARY, ANSON SECRETARIES LIMITED 01481 722260

16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification ..28 JANUARY 2002......................



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